AG Mortgage Bank Plc (AGMB) was incorporated on 21st July, 2004 as a private limited liability company and obtained mortgage banking license from the Central Bank of Nigeria (CBN) in December 2004. It commenced business in January 2005 as a Primary Mortgage Bank (PMB). Following a Private Placement of its shares which resulted in having about 5,000 shareholders at the end of the exercise, the PMB was converted to a Public Limited Liability Company in April, 2007. In May 2015, the Company’s name was changed from AG Homes Savings & Loans Plc to AG Mortgage Bank Plc. The Bank’s share is now listed on NASD Plc, a securities exchange registered by the Securities & Exchange Commission(SEC) to perform the functions of an over the counter (OTC) market in the securities of unquoted public companies. Consequently, shareholders who wish to dematerialise their shares for Central Securities Clearing System (CSCS) registration and OTC trading can do so in a formally recognised market place (The NASD Platform). The company is a member of the Mortgage Banking Association of Nigeria (MBAN). As a PMB, the principal business of AG Mortgage Bank Plc is the provision of mortgage lending, real estate construction finance, drawing from the mortgage funds (e.g. National Housing Fund Facility) for on-lending, acceptance of savings, term, mortgage focused demand deposits and financial advisory services. From inception, the Bank focused on serving all segments of society as it committed “To be the preferred Primary Mortgage Institution with a commanding presence nation-wide.” The company was granted a national mortgage banking licence under the Revised CBN Guidelines for Primary Mortgage Banks in Nigeria. Between October and December 2016, the Bank launched a Rights Issue to enhance the existing shareholders stake in the company. The Bank’s strategy as a National Mortgage Bank is to drastically raise the amount of its funds in order to expand its business both locally and internationally by way of making mortgages available to Nigerians at home and in diaspora. Operating under the slogan “…. a partner you can trust,” AGMB offers personalized solutions that turns personal ambition for home ownership into reality.

Additional Info

Address41 Ogui Road Enugu,Enugu State Nigeria.

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